It's so rare to have jim free enough to drop by and answer questions on the free section of FF, so please do bear with me while I spam a couple more posts...
On the chart you posted, I notice a pin-ish looking bar (circled in white, which incidentally never broke so it's a no trade). At the point of that bar forming, would you have considered the bar, since it pierced the 365 ema and 1.5700? There does seem to be lots of traffic in the way though (red and green areas) so should these dissuade us from taking that pin, even if it broke?
As for the actual trade you took on the BEOB, it has retraced more than 62 fib of the bar itself yet it is taken based on your advanced technique. Does this mean that as long as the outside bars do not get invalidated, we can proceed with a short when it breaks? (As opposed to, having a break immediately on the next bar.)
(Note: I'm not asking this to play it but more as a general question. How much of a buffer is acceptable before we discard the original setups?)
On the chart you posted, I notice a pin-ish looking bar (circled in white, which incidentally never broke so it's a no trade). At the point of that bar forming, would you have considered the bar, since it pierced the 365 ema and 1.5700? There does seem to be lots of traffic in the way though (red and green areas) so should these dissuade us from taking that pin, even if it broke?
As for the actual trade you took on the BEOB, it has retraced more than 62 fib of the bar itself yet it is taken based on your advanced technique. Does this mean that as long as the outside bars do not get invalidated, we can proceed with a short when it breaks? (As opposed to, having a break immediately on the next bar.)
(Note: I'm not asking this to play it but more as a general question. How much of a buffer is acceptable before we discard the original setups?)